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New Car Sales in Russian Economy Fall 46 Percent

December 8th, 2009 · 1 Comment · Russia Economy

New cars sales in the Russian economy fell 46 percent in November according to the Association of European Businesses and Reuters.

The weak Russian economic news will continue to add pressure on the Russian government to act in order to prop the Russian economy with stimulus.

One proposed scheme is similar to the US cash for clunkers stimulus where the Russian government would pay $1,733 to trade in cars older than 10 year in return for buying a new Russian made car.

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